Initial Public Offerings, 1995
      
      ISSUER          BUSINESS            ISSUE   OFFER   PERCENT CHANGE
                                          DATE    PRICE   FROM OFFER
                                                          PRICE TO DEC. 5
      OBJECTIVE       Telecommunications  11/30   $19.00     153%
      SYSTEMS         software
      
      SECURE          Data security       11/17   $16.OO     258%
      COMPUTING       on Internet
      
      PIXAR           Computer            11/29   $22.00      30%
      ANIMATION       animation
      
      NETSCAPE        Internet navigator  8/9     $28.00     511%
      COMMUNICATIONS
      
      SPYGLASS        World Wide Web      6/27    $17.00     574%
                      technologies
      
      WESTELL         Telecommunications  11/30   $13.00      80%
      TECHNOLOGIES
      
      REMEDY          Troubleshooting     3/17    $23.00     189%
                      software
      
      ARBOR SOFTWARE  Database software   11/6    $17.00     163%
      
      DATA: SECURITIES DATA CO.; BUSINESS WEEK
      
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